A Survey of Experimental Research on Contests, All-Pay Auctions and Tournaments
Abstract
Many economic, political and social environments can be described as contests in which agents exert costly efforts while competing over the distribution of a scarce resource. These environments have been studied using Tullock contests, all-pay auctions and rank-order tournaments. This survey provides a review of experimental research on these three canonical contests. First, we review studies investigating the basic structure of contests,...
Paper Details
Title
A Survey of Experimental Research on Contests, All-Pay Auctions and Tournaments
Published Date
Jan 1, 2012
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